We are in an uptrend in Cycle wC. Price tested an all time high today @71.75 , followed by a retracement to 66.50. - Expect a minor retracement of Primary w of Cycle wC. - Expect the a severe thrust in the uptrend after Primary w correction.
We are in minor w5 of Intermediate w(3); in which minor w5 is a non-standard pattern (abcxabc). Expect at least another correction pattern up. Price is very likely to reach $42.
We are at a Cycle wave-c, where there are two possible scenarios: 1) Cycle wave-c is a non-standard correction (abcxabc) - expect quite a major retracement of Primary wave- to around $160 (price should not exeed $117, which is the end of Primary wave- , for this count to be valid). 2) Cycle wave-c is an impulse wave - expect a tiny retracement of Intermediate...
- The minimum target of an elongated flat is 61.8% of intermediate w(c) @P: 177
Long opportunity is available after primary w of cycle w4 is completed.